The June MPC meeting has triggered a multi-pronged push to attract foreign debt capital into India, scrapping withholding tax, removing capital gains tax for FPIs, and easing ECB norms. Edelweiss MF's Dhawal Dalal says the combined effect could meaningfully lower short-term rates by September, and target maturity funds are the smartest way to ride that wave.
Liquid fund returns, FY26